Investment property in Berala has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.20%
If we look at median property appreciation over just the last three months, Berala has given property investors a paper return of 3.65%. This puts Suburb as 333 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Berala are currently offering property investors an average price cut of -6.56% below the asking price at the moment.
At number 875 in a list of fastest selling suburbs, Berala is in the TOP 30% of suburbs in Australia with an average of days on market 59.2 for properties listed there.
At number 466th in the list of Australian suburbs ordered by increase in median house value over the last year, Berala, 2141 is in the top 40% with a property value increase of 5.84% recorded in median house prices.
The five-year average increase in median property values for Berala,2141 has given property investors a potential capital gain of 10.00% across each of those five years.
The most recent median price for Berala is $495000, with sellers offering an average of -7.44% off the asking price.
Property investors should expect to get $390 weekly from the median priced house in this suburb.